The Wire · live □ GRID-REF 37°47′N 122°25′W
DISPATCH 04/26 · 11 Oct 2026
BattlePolicy
Startup to front line. Strategy to consequence.
Company Dossier

Fire Point

Ukraine's most prolific deep-strike house — a civilian startup that scaled from the FP-1 attack drone to the Flamingo cruise missile and now flies most of Kyiv's strikes on Russia, shadowed by a corruption probe over its ownership.

FILE · fire-pointOpen-source file · BattlePolicy ProStatus documented an investigation into alleged inflated component prices or drone quantities in Fire Point's Ministry of Defence contracts. reported in May that alleged investigative recordings intensified the ownership controversy and the ministry's public anti-corruption council advocated nationalisation; Fire Point denied Mindich ownership, and the allegations did not establish corrupt conduct or beneficial ownership. reported that Shtilerman published a letter stating that managers and founders had received no notices of suspicion, no indictment had been drawn up and the pretrial investigation continued; dated the reply to 14 May 2026, but its authenticity remains unverified and it does not establish the legal position on 9 October.Unverified
Fire Point
Munitions & StrikeCombat-fieldedUAdocumented an investigation into alleged inflated component prices or drone quantities in Fire Point's Ministry of Defence contracts. reported in May that alleged investigative recordings intensified the ownership controversy and the ministry's public anti-corruption council advocated nationalisation; Fire Point denied Mindich ownership, and the allegations did not establish corrupt conduct or beneficial ownership. reported that Shtilerman published a letter stating that managers and founders had received no notices of suspicion, no indictment had been drawn up and the pretrial investigation continued; dated the reply to 14 May 2026, but its authenticity remains unverified and it does not establish the legal position on 9 October.
Fire Point builds long-range attack drones and missiles for Ukraine's armed forces, financed through procurement and reinvested profits, Ukrainska Pravda reported (factory investigation).
Founded
2022FP-1 development began Nov 2022; some outlets cite 2023
HQ
Kyiv, Ukraine
Headcount
7,500Terekh claim, UNN, Sep 2026; interview report
Total raised
No disclosed equity raise; procurement and reinvested profitsUkrainska Pravda; financing report
Valuation
~$2.5B implied by unclosed EDGE proposalNew Voice; transaction report
Stage
Private; unclosed EDGE proposalNew Voice; regulatory report
Restricted · BattlePolicy Pro

The rest of the Fire Point file

  • ▸Background — founding, ownership and how the company got to here
  • ▸Financial footing — rounds, valuation, backers and who is exposed
  • ▸Customers & contracts — live join against our Procurement Tracker
  • ▸Leadership — who runs it, and the contact surface
  • ▸Competitive position — who it beats, who beats it, and on what
  • ▸Battlefield relevance — confirmed combat use versus company claim
  • ▸Sources — every citation this file is built on
  • ▸Analyst verdict — where the evidence is thin and what would change our call
Unlock with BattlePolicy Pro →